Negotiated cash fed cattle trade was undeveloped through Thursday afternoon.
Cattle futures softened but closed well off of session lows that came early, driven in part by the plummeting stock market (see below).
Live Cattle futures closed an average of 48¢ lower.
Except for an average of 35¢ lower in the back two contracts, Feeder Cattle futures closed an average of $1.22 lower.
Wholesale beef values were weak on Choice and higher on Select with light to moderate demand and light offerings, according to the Agricultural Marketing Service.
Choice boxed beef cutout value was 59¢ lower Thursday afternoon at $212.67/cwt. Select was $1.36 higher at $198.22.